The commissioning of a new semi-automated and remote-controlled crane for CFL multimodal’s terminal in Bettembourg-Dudelange in September 2022 is about to significantly increase the site’s handling capacity while providing more quality and safety in operations through innovative technologies. For Kuenz, the mastermind behind the new crane and CFL multimodal’s long-standing partner, the new crane is not only about security and trust but also about responsibility towards society and the environment.

Ocean carriers are said to be in “panic mode” as bookings from China to North Europe and the US west coast tank, causing FAK rates to plunge to new depths.

Despite aggressive blanking that has reduced weekly capacity on the tradelanes by more than a third, the lines have failed to slow the precipitous fall in short-term rates and, are arguably fuelling the fire by offering sub-economic spot rates via their digital platforms.

For example, rates from Shanghai, Tianjin and Shenzhen to the Le Havre-Hamburg range of container hubs in North Europe, of $1,000 per 20ft and $1,800 per 40ft are now widely available for prompt shipment.

And some carriers are said to be prepared to reduce rates further for volume, and relax or even waive demurrage and detention conditions.

The speed of the rate erosion on the Asia-North Europe tradelane is making a mockery of the spot market indices, which have been unable to keep pace; for instance, the lowest reading this week is Drewry’s WCI, which recorded a 14% decline, to $2,687 per 40ft, for its North Europe component.

您好，如果您需要从中国发货，可以联系我进行物流运输。

PL ADVISE THE BEST QUOTES BEFORE 12.00 PM.

pl arrnage for the best of the quotes. Attached PACKING LIST. AND MSDS

POL. SINGAPORE SEA PORT

POD. MOMBASSA

TERMS ; FOB

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NEED FCA RATE REQUEST 2X40 FT CONTAINER

SHENZHEN TO NHAVA SHEVA

WT: 9 TONS

COMMODITY: BATTER CHARGES TWO WHEELER

https://youtu.be/QJ5FY75wH0Y

Reacting to the drastic drop in demand, carriers have been adding more and more blank sailings, especially for imports to North America and Europe, but not that much for Asia-Europe. At first glance, it may seem that this strategy has triggered a rates rebound (for example, Asia-US west coast rates increased 11% week on week, to $2,763 per 40ft and Asia-US east coast prices went up 2% week on week, to $5,767 per 40ft.) However, on a global scale, the situation remains complex - WCI hit its lowest $2,773 over the past 24 months.

Guangzhou may face a lockdown due to the spike in COVID cases. Overall, Chinese ports have been affected greatly with Ningbo-Zhoushan taking the largest hit, where volumes fell 29% compared to the start of October.

The US imports are stabilizing mainly thanks to a much smaller month-on-month drop at California ports. Since the shift to the East ports occurred, the delays have also shortened. The average delays at the top five West Coast ports fell 40% from January through October.

India’s exports bounce back to the pre-COVID normality. Containers are available, there is no shortage of inventory in the majority of the ports, and the waiting time is not that long. With India becoming attractive for foreign investments, the government has decided to promote local exporters by allowing international trade settlements in rupees.

Strikes

• The basic agreement has been achieved in Liverpool. PPG fully accepted the deal to increase basic pay by 9%in a vote on 10 November. The workflow is expected to restore. 
• Strikes in Spain resulted in the cancellation of 200 trains. This will impact a host of large and medium-sized enterprises, as well as the supply chain in general. 
• The strike in the Port of Antwerp lasted from November 9 to November 10. 

Routes and services 

• There is no precise date when, but Maersk intends to launch Bangladesh-India inland services following the series of successful trials of using Bangladesh ports as a transit point to and from East India. 
• Maersk will introduce a fuel surcharge for rail, combined, and intermodal transport services in Belgium, the Netherlands, Luxemburg, Germany, Austria, Switzerland, Liechtenstein, and Poland because of the energy crisis. The increase is expected to be up to 20% over the standard inland transport tariff.
• A train journey from Xi’an in China to Duisburg in Germany has set a new record - the distance was completed in 10 days. According to officials, this service is prioritized over other Eurasian services. 
• SAFEEN Feeders has started its UAE-Red Sea service including Fujairah Terminals and Jeddah. The Red Sea service will connect directly Khalifa Port and Port Suda. 

Other 

• Another claim accusing Maersk and MSC of exploiting their dominance has been made this time by the Brazilian Association of Port Terminals. The Association claims that the industry giants directed cargo to the seven port terminals they own while those terminals handle almost half of Brazil’s containerized cargo.
• A new milestone on the Silk Road: the 6 000 train trip went through the border point of the Khorgos dry port in Kazakhastan. 
• Ports in Florida are slowly reopening after Hurricane Nicole hit the region. Port of Everglades, Port Tampa Bay, Port of Palm Beach, Port Miami, JAXPORT have resumed their work. 

These are only several changes that occurred in more than 250 bn freight rates across 25 million routes with more than 1 million market players. Want to share some news about your company, services, and routes? Just post them on MAXMODAL, a multimodal network that digitally connects routes and rates worldwide to automate sales and operations across container transportation & logistics industry. Join to innovate.

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